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Halifax Clarity Card - can you avoid interest on cash withdrawals overseas?
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# 1
Elektriksheep
Old 08-03-2012, 7:13 PM
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Default Halifax Clarity Card - can you avoid interest on cash withdrawals overseas?

If you pre-load the card with funds before you make a cash withdrawal overseas (I know you're not supposed to do this, but you can), will you still be charged interest?

I kinda figured you wouldn't be charged interest if your card was always in credit, but you never know.


Thanks.
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# 2
tomsco
Old 08-03-2012, 7:25 PM
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That's correct. Your money, they can't charge you interest on it. There may still be a cash withdrawl fee and an international charge, though.
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# 3
HoneyAndLemon
Old 08-03-2012, 7:29 PM
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The transaction would still appear on your statement as a cash withdrawal so yes, you will pay interest from the date of transaction until its paid off in full.

As you said, it breaches the T's and C's of the card, so you may risk having the card closed if you do.
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# 4
Fruit and Nut Case
Old 08-03-2012, 7:41 PM
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Quote:
Originally Posted by Elektriksheep View Post
If you pre-load the card with funds before you make a cash withdrawal overseas (I know you're not supposed to do this, but you can), will you still be charged interest?

I kinda figured you wouldn't be charged interest if your card was always in credit, but you never know.


Thanks.
Believe it or not, you're not the first person to think of this.

http://forums.moneysavingexpert.com/...php?p=35366309
http://forums.moneysavingexpert.com/...php?p=35745055
http://forums.moneysavingexpert.com/....php?t=2925908
Are you for real? - Glass Half Empty??
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# 5
chattychappy
Old 08-03-2012, 10:34 PM
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I would always pay a few pence (or even a couple of quid) rather than risk having a card blocked.

CCs have a tendency to get blocked when used overseas anyway - why make it even more likely to happen?
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# 6
jsoap
Old 09-03-2012, 12:06 PM
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I actually did this by accident a few weeks ago. I transfered money to the card rather than a savings account, putting the card into 1000 credit. The final statement for the month is still slightly in credit, and I've taken about 500 of foregn cash out.
So far I've heard nothing from the Halifax.
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